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The GBPAUD faces solid resistance – Analysis – 20-10-2022
The GBPAUD pair failed to resume the correctional bullish attempts due to facing solid resistance at 1.8120, to rebound below the moving average 55 quickly and settle near 1.7910.
The continuous fluctuation below the mentioned resistance and stochastic attempt to provide the negative momentum allow us to keep the negative overview that targets 1.7690 followed by reaching 61.8% Fibonacci correction level at 1.7510.
The expected trading range for today is between 1.8015 and 1.7700
The expected trend for today: Bearish
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